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BD Speeches

Hester Peirce, SEC Commissioner
"A proposed FINRA rule could exacerbate the problem by preventing non-lawyers from getting compensated to represent investors in arbitration proceedings"
SEC Chairman Gary Gensler
"The final rules also will allow for customer margin collected by broker-dealers to be onward posted to the clearinghouse. Allowing such rehypothecation helps both protect ...
SEC Chairman Gary Gensler
"Market regulators—SROs and the Commission—already have benefitted from CAT in surveillance and enforcement work"
SEC Commissioner Peirce
"Brokers are more sensitive to these costs than the plan participants because they have direct relationships with retail investors, but they, too, as I have ...
SEC Commissioner Crenshaw
"Regulators need effective tools to keep pace with these changes, especially considering the potential for new technologies like AI to rapidly amplify the magnitude and ...
"The cumulative costs for CAT may soon be approaching a billion dollars. These are real costs–not theoretical–being incurred imminently"
SEC Commissioner Lizarraga
"The faster the CAT is completed the sooner investors in our markets can realize the full benefits from the strengthened market oversight it is designed ...
"Keeping reserve bank accounts up-to-date on a daily basis can provide better customer protection and ameliorate systemic risk"
SEC Commissioner Hester Peirce
"Today’s amendments are narrowly tailored to address the risk that a mismatch may develop and persist between the net cash large broker-dealers owe to their ...
SEC Chairman Gary Gensler
"It would better help to protect the SIPC Fund, particularly from the risk that when a broker-dealer fails, it has a midweek shortfall in its ...
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